ETHUSD: UPDATE OF -6.48%: These markets will not retreat, but do not let yourself be absorbed by the fear of losing. The risk of recession is high within the current resistance zone even with a new long signal that has just appeared. As Andrew recently told several of his followers: "No trade is a profession."
The area of resistance 503 to 541 (.618 of the last bear structure) is a small resistance that oscillates within it. The previous candle in this diagram is an internal bar, and the current candle has broken the height of the inner bar. This is a buying trigger, but you must remember that not all stimulant stimulants are created when it comes to risk. Context is the key to such a situation. I am all the time in this market, but not over buying a signal in the middle of my resistance zone. All markets return, and this will be too.
The fact that the main bearish trend line taken in the sentence is a long-term bullish sign. This means that the purchase of retracements is a better option since the momentum now favors the long side. The new uptrend line is the determining factor for this movement. Until it is committed, this market must remain strong. So, where is the best place to buy?
In previous reports, I wrote about the resistance levels of 432 and 451 that demanded a price break to confirm that the bulls are in control, the levels that were the previous resistance are more likely to act as new support and are only close to the bullish trend line. When I get there, I have no reason to buy.
In summary, incredible as this brief handshake has been, buying this high performance is inefficient for any operator's time frame. All the markets are coming back, just like that. The negotiation plan begins with the formulation of a general perspective and then the evaluation of AHEAD's time levels. The price will return to a predetermined level or it will not. If you choose not, then just match and find the most relevant levels. Jumping to the market because it looks good is usually worse because the risk is higher and even lower potential after buying a standard signal. There are many levels of support that offer more attractive reward / risk opportunities, it's just a matter of waiting for it. As soon as a quality letter appears, it will be sent to S.C. Community
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